Markets next week November 14th.
After a lower-than-expected rise in consumer inflation spurred hope the Fed may scale down its monetary tightening effort, U.S. markets…
News
Read More
FTX files for bankruptcy.
According to a tweet from the company, Sam Bankman-cryptocurrency Fried’s exchange FTX has filed for Chapter 11 bankruptcy in the United States. For one of the largest names in the industry, it brings to an end a turbulent week. As liquidity dried up, users requested withdrawals, and rival exchange Binance tore up its non-binding agreement to buy the company, FTX plummeted from a $32 billion valuation to bankruptcy in a matter of days. Sam Bankman-Fried, the creator of FTX, said on Thursday that he “fucked up.” The new FTX Group CEO, Ray, declared that “the immediate relief of Chapter 11 is appropriate…
UK slowly spiraling into recession?
The GDP shrank by 0.2% in the third quarter of 2022, indicating the potential beginning of a protracted recession. According…
October CPI, hot or cold?
CPI may have come down slightly in October says analysts, as goods prices have declined in the recent weeks, but…
Binance backs off from FTX purchase.
Binance is backing out of its original plans to acquire FTX, the company said Wednesday, after talks that’s been going…
Why is Crypto market down today?
The crypto market is down heavily today, with the average of -10% within 24 hours. So, straight to the point…
We are back.
Hello fellow readers and let’s not say the R word as well. After taking a few months off, which we…
Elon Musk: “We made 3 million cars”
Tesla announced today that Gigafactory Shanghai has just produced its 1 millionth electric car – an important milestone for Tesla’s…
Banco Santander to offer Brazilian citizens crypto trading
Banco Santander S.A., the Brazilian subsidiary of the Spanish Santander Group, plans to start offering crypto trading, possibly already this year,…
Europe faces a rough winter, and a possible recession.
Europe, is the most dependable continent on Russian commodities, where yearly they spend more than 100 billion euros. The sanctions…